China Failed Mining Deals Top $45 Billion on Hanlong Bungle

Doug Kanter/Bloomberg

Pedestrians walk inside the headquarters of Aluminum Corp. of China (Chinalco) in Beijing. China’s largest failed deal was the $19.5 billion proposed investment in Rio, the world’s second-biggest mining company, by Aluminum Corp. that would have given Chinalco stakes in assets including iron ore mines in Australia.